Jiayuan Science and Technology Co.Ltd.

On August 24, Huayang Group, Seagull Housing, Zhongnan Culture, and Landun Photoelectron will resume trading. Jiayuan Technology will resume trading on August 25 after a one-day suspension and will be subject to other risk warnings, with its stock abbreviation changed to ST Jiayuan. Among them, Huayang Group's actual controller will change to the Mianyang State-owned Assets Supervision and Administration Commission; Seagull Housing's controlling shareholder and actual controller will change; Zhongnan Culture plans to acquire equity in Jiangyin Thermal Power and Sulong Thermal Power; and Landun Photoelectron has completed its suspension review. In addition, Yangtze Memory Technologies Holdings' application for an IPO on the STAR Market has been accepted by the Shanghai Stock Exchange, planning to raise 33 billion yuan for production line construction and upgrades and technology research and development enhancement. The company achieved a net profit attributable to the parent of 33.379 billion yuan in the first quarter of 2026. Alibaba announced plans to raise 80 billion Hong Kong dollars through a share placement, all to be used for investing in full-stack AI capabilities and AI infrastructure construction.

Jiayuan Technology announced that on August 21, 2026, the company received an Advance Notice of Administrative Penalty from the China Securities Regulatory Commission, and its stock trading will be subject to other risk warnings. Trading in the company's shares will be suspended for one day starting from the market open on August 24, 2026, and will resume from the market open on August 25, 2026, at which time other risk warnings will be applied. The stock abbreviation will be changed from Jiayuan Technology to ST Jiayuan, while the daily price limit remains unchanged at 20 percent.

On the evening of August 23, several listed companies on the Shanghai and Shenzhen stock exchanges released announcements. China Tungsten and Hightech disclosed its half-year report, with operating revenue of 16.385 billion yuan in the first half of 2026, up 108.51 percent year on year, and net profit attributable to shareholders of the listed company of 2.076 billion yuan, up 280.53 percent. China Petroleum and Chemical Corporation, or Sinopec, reported total operating revenue of 1.436561 trillion yuan in the first half, up 2 percent, and net profit of 25.627 billion yuan, up 19.3 percent, and plans to distribute a cash dividend of 1.05 yuan per 10 shares. Jiayuan Technology will suspend trading for one day starting August 24 because it received an advance notice of administrative penalty from the China Securities Regulatory Commission, and will resume trading on August 25 with other risk warnings implemented, with its stock abbreviation changed to ST Jiayuan. In addition, Huigu New Materials plans to use 225 million yuan of over-raised funds to invest in the first phase of the Zhuhai Huigu functional materials construction project, with a total estimated investment of 450 million yuan. Huitong Technology won the bid for the fifth section of Xinlun Chemical Fiber's annual production of 300,000 tons of polyester chemical fiber project, with a winning bid price of 366 million yuan.

Jiayuan Technology announced that it has received a Prior Notice of Administrative Penalty from the China Securities Regulatory Commission, after an investigation was launched into suspected illegal information disclosure. The investigation found that from 2019 to 2022, the company engaged in premature revenue recognition and transactions lacking commercial substance, causing revenue to be overstated by 20.156 million yuan, understated by 6.8765 million yuan, overstated by 28.0338 million yuan, and understated by 25.6247 million yuan respectively, while total profit was overstated by 16.1384 million yuan, understated by 15.696 million yuan, overstated by 18.0393 million yuan, and understated by 16.3445 million yuan respectively. The CSRC intends to order the company to make corrections, issue a warning, and impose a fine of 6 million yuan. Wang Jin, Zhu Weihua, Liu Xu, Yin Mingjun and other responsible persons will be given warnings and fined 3 million yuan, 2 million yuan, 2 million yuan, and 1.5 million yuan respectively. The company judges that this matter triggers the circumstances for being subject to other risk warnings, but has not yet triggered the circumstances for mandatory delisting due to major violations.

Between the evenings of August 21 and 23, several A-share companies disclosed major matters. Jinlong Shares is planning to transfer its 20% stake in Dongguan Securities, which is expected to constitute a major asset restructuring. Alled is planning to acquire no less than 51% equity in Huizhou Yuanbao Precision Hardware Die Casting through cash transfer and capital increase, also expected to constitute a major asset restructuring. ST Kangjia A will suspend trading from August 24 due to planning a major matter, expected to last no more than five trading days. Jiayuan Technology will be subject to other risk warnings from August 25 because of false records in its prospectus and annual reports, with its abbreviation changed to ST Jiayuan. Huayang Group's controlling shareholder Huayue Investment plans to transfer a 28.3% stake to Jiuzhou Group for 5.66 billion yuan, and the actual controller will change to the Mianyang State-owned Assets Supervision and Administration Commission. Seagull Housing's controlling shareholder Zhongyu Investment plans to transfer a combined 25.01% stake to Botai Chelian and Fuqing Yaohong, and the actual controller will change to Ying Zhenkai. In terms of performance, Zijin Mining's net profit in the first half of the year was 39.17 billion yuan, up 68.17% year on year. Zhongji Innolight's net profit was 13.651 billion yuan, up 241.7%. Yangtze Optical Fibre and Cable's net profit was 2.925 billion yuan, up 888.88%.

Jiayuan Technology announced that it has received a case filing notice from the China Securities Regulatory Commission for suspected illegal activities in information disclosure. The CSRC has decided to open an investigation into the company. The company stated it will cooperate with the investigation and strictly fulfill its information disclosure obligations. Currently, production and operations are normal, and the matter will not have a significant impact on the company's production and operations. As of the close on July 8, Jiayuan Technology's stock price was 21.14 yuan per share, with a total market value of 3.823 billion yuan.